Prices seem to be softening for business owners who have put their companies up for sale this year. Analysts say tighter credit standards, increased costs and a loss of customers are to blame. The New York Times
Rock stars can be role models for business leaders
Rock stars have more in common with business leaders than some may think, and they can serve as valuable models. They show that optimal performance requires exceptional dedication to practice and a tremendous thirst for learning. BusinessWeek
Grape Expectations
Piero Incisa della Rocchetta is the export manager for the Tuscan wine brand, Tenuta San Guido, known for its Super-Tuscan (Sassicaia) wines that go for hundreds or thousands of dollars a bottle. In our interview, he discusses how he goes about branding Tenuta San Guido on a worldwide scale and how that compares to his small, family vineyard. Brand Channel
Peer mentors offer productive partnerships
Peer mentors can be highly useful for entrepreneurs as sources of motivation and as trusted colleagues in whom to confide. Three relationships described in this article show how peer partnerships can come in many forms and offer extensive benefits. Entrepreneur.com
Upcoming Workshops at the Incubator….
USDA Rural Development Renewable Energy & Energy Efficiency Grant Program
Pattie Snidow, the Northwest Area Director for USDA Rural Development will be leading this seminar for private sector small businesses in rural towns of population of 50,000 or less, or agriculture producers. This grant program covers energy efficiency upgrades to commercial building or installation of market proven products for Renewable Energy for up to 25% of the total project cost.
Maximum Grant - Energy Efficiency $250,000 / Renewable Energy $500,000
In addition, loan guarantees with your local bank could be available to support most of the project.
When: Thursday, June 5 from 1:00 - 5:00 PM
Understanding Bookkeeping & Financial Statements
Instructor Helen Roe works with the Loan Fund of Mesa County and was recognized as the 2005-06 Outstanding Woman Accountant by the American Society of Women Accountants. Both classes include a question and answer period. Take advantage of this opportunity to have Helen address your specific questions! Cost is $45.00 per class or $55.00 when you register for both bookkeeping classes.
Session I
This class is designed for new business start-ups and focuses on how to set up business accounting records, how to track income and expenses and what types of expenses are deductible.
When: Wednesday, June 11 from 1:00-4:00 PM
Session II
This class, designed for new and existing businesses, will help you gain better control of your business by learning how balance sheets, income statements and cash flow projections are prepared and what they can tell you about your business.
When: Thursday, June 12, from 1:00-4:00 PM
Taxes and the Small Business Owner
Simple answers to business tax issues. To start, Pamela J. Belcher CPA will discuss such topics as: keeping track of and paying all your business taxes, computing and filing payroll taxes, satisfying state and federal guidelines, depreciating items like a home office, or automobile, and working with independent contractors versus employees. In the afternoon, Colorado Department of Revenue representative Bruce Kolisek, as well as representatives from the Department of Labor Employment, will discuss state withholding taxes, sales tax issue and unemployment and use tax. Cost: $45.
When: Thursday, June 19 from 9:00 AM - 5:00 PM
How to Start Food-Related a Business
Come learn all the basics of starting a food related business. You will learn about health regulations, packaging requirements, licensing requirements, business planning and how to fund it all. Cost: $45.
When: Thursday, June 26 from 9:00 - 11:30 AM
Excerpt from the Incubator Handbook….
Program Requirements:
Client Companies agree to participate in the Incubator Program, which includes a commitment to:
- Complete a Business Plan within the first 2 years of occupancy. Assistance in completing the Business Plan is available through the aforementioned Management Assistance program.
- Meet, at a minimum, semi-annually with BIC staff and provide them with up-to-date financial statements for the purpose of evaluating ICC’s financial performance and reporting aggregate numbers.
- Attend, at minimum, one business related class or workshop per year.
- Attend, at a minimum, seven networking events per year such as the monthly Client Lunch.
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